Take your pick of several downtrending abc’s. If the futures do in fact head lower, my choice is the one shown, with a 1567.75 target. You can try bottom-fishing there, one contract, stop 1566.75; or four contracts if you use camouflage that limits your theoretical loss to no more than 3-4 ticks per contract. Please note that the 1574.50 midpoint support has already been breached as of late Sunday night. Alternatively, if buyers come out swinging, there’s a veritable forest of ‘external’ peaks you can use to find a subtle entry opportunity unlike;y to be perceived as a breakout by the competition.
